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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 43,626 $ 76,902
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on extinguishment of debt 295 382
Change in fair value of derivative liability (76) (349)
Depreciation and amortization 6,462 1,728
Amortization of deferred financing costs and debt discount 50 226
Non-cash interest expense, net/ interest (income), net (342) 286
Non-cash interest expense on non-recourse liability related to sale of future royalties 1,274 3,564
Non-cash royalty revenue (3,708) (3,464)
Share-based compensation expense 6,447 4,454
Deferred income tax provision 13,314 (42,377)
Changes in operating assets and liabilities:    
Accounts receivable (14,639) (10,312)
Inventories 1,854 (4,866)
Prepaid expenses and other current assets (2,712) 1,060
Accounts payable (1,312) (1,629)
Accrued sales deductions 17,829 12,900
Accrued expenses 2,769 2,503
Income taxes payable 6,482 811
Deferred licensing revenue (202) 195
Other non-current liabilities 894 (140)
Net cash provided by operating activities 78,305 41,874
Cash flows from investing activities    
Purchases of marketable securities (78,938) (31,194)
Sales and maturities of marketable securities 23,052 22,398
Purchases of property, plant and equipment (1,273) (1,302)
Deferred legal fees (10,130) (12,224)
Net cash used in investing activities (67,289) (22,322)
Cash flows from financing activities    
Proceeds from issuance of common stock 4,510 1,255
Net cash provided by financing activities 4,510 1,255
Net increase in cash and cash equivalents 15,526 20,807
Cash and cash equivalents at beginning of period 66,398 33,498
Cash and cash equivalents at end of period 81,924 54,305
Supplemental cash flow information:    
Cash paid for interest 134 247
Noncash financial activity:    
Conversion of convertible notes and interest make-whole 4,546 2,138
Deferred legal fees included in accounts payable and accrued expenses $ 1,337 $ 7,920